Monday, October 16, 2006

Breckenridge Seeks Tax Increase

A proposal to up the town's business and occupational licensing tax (BOLT) appears to have widespread support from the business community, including the Breckenridge Resort Chamber, the restaurant association and the ski area.

Should voters approve referred Measure 2A, the town would more than double the revenues it collects from short-term lodging facilities, restaurants, retailers and professional services like Realtors and attorneys, from about $500,000 to $1.075 million annually, with regular future increased tied to increases in the consumer price index.

The current BOLT has been in place for about 20 years and hasn't been changed in 16 years, said town manager Tim Gagen.

Colorado's taxpayer bill of rights (TABOR) requires voter approval.

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